Bitaigen Research Bybit is a globally‑operating cryptocurrency exchange founded in 2018 that offers spot trading, perpetual contracts, options, an NFT marketplace, and staking/mining services. The platform enhances asset security with cold‑wallet storage and multi‑signature technology. This guide is aimed at users with no prior experience and systematically explains the full workflow from account creation and identity verification (KYC) to the first fiat‑to‑crypto deposit, along with FAQs and anti‑scam tips to help newcomers get started quickly while avoiding potential risks.
The Bitaigen editorial team has prepared a complete hands‑on guide for beginners, breaking down the crucial steps for creating a Bybit account, completing KYC, and making the first deposit. We also provide anti‑fraud pointers so new users can get up to speed while minimizing risk. Keep reading to master the entire safe‑onboarding process.
1. Preparations Before Registering
Before you open the Bybit registration page, gather the following “essential gear” to markedly improve your chances of a successful sign‑up:
- A frequently used email address or mobile number
This will be linked to your account and receive verification codes. International email services such as Gmail or Outlook are recommended. If you choose a phone number, make sure it can receive overseas SMS messages.
- An internet‑connected device
A smartphone is convenient and always on hand; a computer offers a larger screen and easier screenshot capability. Choose whichever fits your personal workflow.
- A strong login password
We recommend at least 10 characters, mixing uppercase and lowercase letters, numbers, and special symbols. Avoid birthdays, phone numbers, or other easily guessed information. Never reuse this password on other platforms.
- Two‑factor authentication (2FA) tool
Activate Google Authenticator or SMS‑based 2FA immediately after registration to protect your account from password leaks.
Tips
- Verification codes sent to international email providers are generally more reliable; some domestic services (e.g., NetEase, QQ) can experience delays.
- Consider using a password manager (1Password, LastPass, etc.) to store the password securely instead of keeping it in plain‑text notes or chat apps.
- After registration, review the official security recommendations and enable 2FA right away.
2. Quickly Create an Account (≈ 1 minute)
- Visit the official Bybit registration portal and click the link below to open the sign‑up page.
- Choose a registration method: Email registration is recommended because Gmail/Outlook verification codes are more reliably delivered on overseas platforms. If you prefer a phone number, confirm that you can receive international SMS.
Create a password that combines uppercase letters, lowercase letters, numbers, and special characters, e.g., `P@ssw0rd!K9lq`, and ensure it meets the length requirement.
- Enter an invitation code for fee discounts
On the first screen, type the invitation code `B2345`. This will grant you a 20 % reduction on trading fees once you start trading. Note that the code must be entered during the initial registration; adding it later will have no effect.
- Tick the Terms of Service checkbox and click “Create Account”. Bybit will then send a verification email.
- Open your inbox, locate the email from Bybit containing a verification code (check the spam folder or click “Resend” if you don’t see it). Paste the code into the appropriate field on the website and submit. Your account is now created.
Friendly reminder: The whole process usually finishes within a minute. If you encounter delayed codes or a frozen page, refer to the “Common Registration Issues” section later in this guide.
3. Identity Verification (KYC) – Unlock All Features
1. Why is KYC mandatory?
Virtually every reputable exchange (including Bybit, Binance, OKX) requires users to complete identity verification. After successful KYC you gain the following benefits:
- Enhanced account security – Reduces the risk of hacking, and allows faster dispute resolution if suspicious activity occurs.
- Higher deposit and withdrawal limits – Enables fiat channels such as bank transfers (SEPA for EUR, SWIFT for USD), as well as popular e‑payment methods. Limits increase dramatically after verification.
- Access to all trading modules – Peer‑to‑peer (P2P), leveraged contracts, “Earn” products, API access, and more are gated behind KYC.
Tax note: Crypto gains may be taxable in your jurisdiction. Keep records of all deposits, trades, and withdrawals for potential reporting to tax authorities.
2. KYC Procedure
- After logging in, navigate to the identity verification page and select Country/Region as “China”. Bybit accepts three document types: national ID card, passport, and driver’s license. The national ID is the most straightforward for Chinese residents.
- Upload a clear front‑side photo of your ID, then the system will prompt you to take a selfie. Ensure the four corners of the selfie are fully visible, there are no reflections, and the facial features are sharp before submitting.
- Submit the documents. Under normal conditions the review is completed in about five minutes; during peak periods it may take a little longer.
Practical tip: If the verification fails due to lighting or network issues, try a different device or a more stable connection, retake the photos, and contact Bybit support for a detailed explanation.
4. Strengthen Account Security (Enable 2FA)
Security is a prerequisite for any trading platform. After creating your account, we strongly recommend the following actions:
- Open the Bybit mobile app, tap the “Profile” icon in the top‑left corner, then select “Settings” in the top‑right corner.
- Within “Security Settings”, locate Google Authenticator and click “Enable”.
- Follow the on‑screen instructions to download Google Authenticator from the App Store (iOS) or Google Play (Android).
- Return to the Bybit app and tap “Copy Key”. Manually add this key inside the Google Authenticator app.
- After the key is added, go back to Bybit, enter the six‑digit code generated by Google Authenticator, and confirm the binding.
5. First Deposit and Purchase of Digital Assets
1. Choose the Coin and Blockchain Network
- Coin: Before depositing, confirm the exact token you intend to buy. For example, if you wish to acquire USDT, you must select USDT as the deposit asset.
- Network: USDT exists on multiple blockchains. The cheapest options are typically BEP‑20 (Binance Smart Chain) or TRC‑20 (Tron).
2. Step‑by‑Step Deposit Demonstration
- Log in to Bybit and click “Deposit” at the top of the homepage.
- Choose “Deposit Crypto” → Coin: USDT → Network: TRON‑TRC20.
- Bybit will generate a wallet address for the selected network. Copy this address for later use.
- Open your external wallet (e.g., the Binance app), go to “Withdraw” → “On‑chain Transfer”, select USDT, choose TRC20, paste the Bybit address you just copied, specify the amount, and confirm the transaction.
